breaking stock market news

04 Sep: Breaking stock market news September 4, 2020

Breaking stock market news “Jobs report: US economy adds 1.371 million payrolls in August, unemployment rate dips to 8.4%. he US economy added back a greater than expected number of payrolls in August and the unemployment rate improved by a bigger than anticipated margin. Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg: Change in non-farm payrolls: +1.371 million vs. +1.350 million expected, vs. +1.763 million in July Unemployment rate: 8.4% vs. 9.8% expected, vs. 10.2% in July Average hourly earnings, month over month: 0.4% vs. 0.0% expected, +0.2% in July Average hourly earnings, year over year: 4.7% vs. 4.4% expected, 4.8% in July Labor force participation rate: 61.7% vs. 61.8% expected, 61.4% in July.” Stock market data: Yahoo Finance

30 Jul: Breaking stock market news July 30, 2020

Breaking stock market news “Q2 GDP: US economy contracted by worst-ever 32.9% in Q2, crushed by coronavirus lockdowns. The US economy contracted at the sharpest rate on record in the second quarter this year, affirming fears that the coronavirus pandemic and measures to contain it drove a historic plunge in consumer and business activity. Here were the main metrics from the Bureau of Economic Analysis’ advance Q2 GDP report, compared to consensus estimates compiled by Bloomberg: Q2 GDP annualized, quarter over quarter: -32.9% vs. -34.5% expected vs. -5.0% in Q1 Market participants were bracing for an ugly second-quarter print, with the coronavirus pandemic forcing business closures and disrupting daily activity for much of the April through June period. The estimate for a 34.5% annualized contraction would have marked by far the worst plunge ever recorded, based on Bureau of Economic Analysis data spanning back to 1947. Before the pandemic, the worst…

02 Jul: Breaking stock market news today July 2, 2020

Breaking stock market news today “The U.S. economy added millions more payrolls in June from May, as regions across the country eased social distancing restrictions and allowed more businesses to reopen. The net additions in payrolls topped consensus expectations. Meanwhile, the unemployment rate fell from May’s level but held at a historically high level, as many Americans remained out of work with the pandemic still under way. Here were the main metrics from the Department of Labor’s report, compared to consensus estimates compiled by Bloomberg: Change in non-farm payrolls: +4.8 million vs. +3.23 million expected Unemployment rate: 11.1% vs. 12.5% expected Average hourly earnings, month on month: -1.2% vs. -0.8% expected Average hourly earnings, year on year: +5.0% vs. +5.3% expected” Stock market data: Yahoo Finance

10 Jun: Breaking stock market news on June 10, 2020

Breaking stock market news today “Fed: No rate hikes likely through 2022, projects 6.5% GDP contraction this year. The Federal Reserve decided on Wednesday to hold interest rates steady at near-zero, signaling its intention to support a post-COVID economic recovery by keeping rates at the lower bound through at least 2022. “Financial conditions have improved, in part reflecting policy measures to support the economy and the flow of credit to US households and businesses,” the Fed said in its statement released Wednesday afternoon. The Fed also committed to increasing its asset purchases “over coming months.” In a set of new economic projections, most of the 17 members of the Federal Open Market Committee appeared to support keeping the federal funds rate in the target range of between 0% and 0.25% through the forecast horizon of 2022. In “dot plots” mapping out each members’ forecasts, only two policymakers saw a case…

05 Jun: Breaking stock market news for June 5, 2020

Breaking stock market news today US NFP rose by 2.5 million in May, Unemployment Rate fell to 13.3%. Noth numbers beat expectations. The consensus for non-farm payrolls was -8000K, and the actual number came in at +2509K. The consensus for the unemployment rate was 19.8% and the actual number came in at 13.3%. A very strong US jobs report and to a very large degree unexpected could move the US stock market today. Source: Fxstreet.com

30 Apr: Breaking stock market news today, April 30, 2020

Breaking stock market news today The weekly initial US jobless claims figure came in at 3839 thousand more than the foreact of 3500 thousand. More than 3.8 million persons filed for unemployment. Other important economic indicators The personal income figure came in at -2.0%, worse than the consensus of -1.5%. The personal spending figure came in at -7.5%, worse than the consensus of -5%. Source: https://www.fxstreet.com/economic-calendar

26 Mar: Breaking stock market news US Initial Jobless Claims skyrocket to 3,283,000

Breaking stock market news ” Initial Claims for unemployment benefits in the US jumped to  3,283,000 for the week ending March 21 from 282,000, the data published by the US Department of Labor revealed on Thursday. “ Source: https://www.fxstreet.com/news/breaking-us-initial-jobless-claims-skyrocket-to-3-283-000-202003261230 United States Initial Jobless Claims “The number of Americans filling for unemployment benefits jumped to an all-time high of 3.28 million in the week ended March 21st, the highest since the series began in 1967 and well above market expectations of 1.0 million, as efforts to contain the rapid spread of coronavirus hit businesses and activity across the country.” Source: Trading Economics Stock market news, US stock futures are down almost 2% before the open of today’s trading session At 8:39 AM Thursday, March 26, 2020, Eastern Time (ET), US stock futures decline: S&P Futures: 2,409.50,-57.50(-2.33%) Dow Futures: 20,570.00,-456.00(-2.17%) Nasdaq Futures: 7,322.50,-145.25(-1.95%) Russell 2000 Futures: 1,074.20,-22.90(-2.09%) Stock market data: Yahoo Finance

07 Feb: Stock market update February 7 2020

Stock market update Stock market data as of 2:00 PM EST Time, February 7, 2020: S&P 500: 3,328.92,-16.86(-0.50%) Dow 30: 29,116.33,-263.44(-0.90%) Nasdaq: 9,523.46,-48.70(-0.51%) Russell 2000: 1,661.48, -15.97(-0.95%) Stock market live A strong jobs data is not enough today to send the US stock market higher, all majot stock market indexes have losses as of 2:00 PM EST time. Why is the stock market down today It could be profit taking after the last record highs. Among most active stocks is Uber Technologies, Inc. (UBER), trading at 40.15+3.06 (+8.25%).

07 Feb: Stock market news today February 7 2020

Stock market and finance news Latest stock market news, business and finance news today, February 7,2020: Stock market live updates: Dow down 200, coronavirus names fall, Uber best day ever Opinion: Excessive optimism in the stock market suggests there are more declines ahead Stocks Slump After Torrid Run; Treasuries Rally: Markets Wrap China’s Tariff Cut on $75B in U.S. Imports A Stock Market Tailwind After monetary stimulus last month, China just announced major February tariff cuts in a big improvement to the stock market outlook for 2020. Source: CCN.com “The U.S. labor market went from strength-to-strength in January, beginning 2020 by adding 225,000 jobs — but the unemployment rate ticked up to 3.6% (still a 50-year low) as more workers entered the labor pool, which drove up the participation rate to 63.4%. The blowout number was far above Wall Street’s consensus, and was presaged by Wednesday’s ADP private payrolls report. Stock…